Search results

Yep, and each has a probability that it was the hottest of them all with 2014 being most likely. Here's one for you, which has a greater probability of being the hottest year, 2014 with a 48% probability or the field with a 52% probability? Notice the math, it equals 100, 48% that it was, 52%...

This thread is funny. a 48% probability means definitely because.. well because. Oh, because when you add up all of the probabilities it equals 100 so therefore it's definitely. Let's see, 100% probability means definitely, 100-48 = 52%. So if the probability of it being the hottest year is...

lol, good one! You keep hearing that because normal people have lives and arguing with the bumper-sticker rainman can be tedious, but victory is all yours! Cheers!

I don't know what you are talking about, probably shouldn't ask, but what are you trying to say here?

lol I bet you read that somewhere, sounded good and now that you've dug in, it's going to be repeated by you for years here. Besides labor, you need to include ideas, leadership, luck, discovery, skills, psychology (why is that one beanie baby "worth" more), banking policy and I'm sure a few...

How so? For all I know you could be talking about the man with the biggest waistline as being the wealthiest. You could be measuring wealth in land, in resources, in how many Asian massage parlors they own. What metric do you use to measure wealth and is it the way most everyone else does? Are...

It is? Then the extra trillion in currency the FED digitized was really labor?

There's also discovery and sometimes blind luck.

@abandonconflict What metric do you use to measure wealth?

quick, are we using an AC definition or an accepted one? Because if we measure wealth by value, we determine value in currency, we can create currency from thin air, then wealth can be created without labor. If it's some weird AC definition that only you use, then OK, you are right, have a...

In a modern world, currency is exactly how we measure wealth. The Forbes 500 isn't a list of the happiest, healthiest, most laid back people that we like. It's a list of the wealthiest. That wealth is measured how again? Before we go too far though, what is the definition of wealth that you...

Wealth can also be found, stolen and discovered. Labor is very important, hope I'm not coming across as saying it's not, it's just not the only way wealth is created and AC probably understands this by now.

We agree that it devalues the money, which also devalues labor. It doesn't change that wealth was created without labor.

Interest income Lottery dividends Fed's magic money maker If a bank offers 4% interest, am I paid in labor? How are they able to offer me this? It's because they charge double that to borrow. So If I charge you 20% interest on you loan, I've gained 20% in wealth without any labor.

How does it not? Over trillion was created without labor. If you are talking about wealth being monetary then I don't get how you can ignore this. I can dig a hole in my yard and create nothing but a hole. If the local bank dumped all of their quarters in my hole, then I have wealth that I...

So when we talk about the wealth disparity in this country what we really mean is the currency disparity and it's totally different? ftr, i really do believe there is a difference between wealth and currency, but not in the way we are talking about itt.

You didn't answer this when I asked before, maybe you just missed it so I'll ask again. Do you consider QE by the FED to be labor? Because over a trillion in "wealth" was created out of thin air, imagine that.

Dude, the Federal Reserve... Sure the stock market is not a true gauge of wealth, but it's not just labor, it's commodity, it's potential, it's track record, it's smoke and mirrors. You've painted yourself into a corner on this one, punt.

I guess you can say putting in an order is labor intensive. Clicking a button takes labor. Nah, I got nothing.. he's just wrong again.

Would digitizing currency be considered labor? Not every thing fits on a bumper sticker, but your thoughts sure do.